Ethel invested $3,450 of Fred's money on February 3. Lucy had promised Ethel that the investment would earn an interest rate of 55%. On February 27 of the same year, Ethel cashed in her investment and received the interest as Lucy had promised. How much interest had she earned?
A) $124.77
B) $189.75
C) $218.63
D) $64.98
E) $90.87
Correct Answer:
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